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Pin to quick picksEuropa Oil & Gas Share News (EOG)

Share Price Information for Europa Oil & Gas (EOG)

London Stock Exchange
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Share Price: 0.775
Bid: 0.70
Ask: 0.85
Change: 0.00 (0.00%)
Spread: 0.15 (21.429%)
Open: 0.775
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Low: 0.775
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TRADING UPDATES: Highbridge delays liquidation; Phoenix finds silver

Thu, 16th Mar 2023 20:21

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Anglo Asian Mining PLC - Azerbaijan-focused gold, copper and silver producer - Completes initial geological block model and open pit optimisation study at Xarxar deposit. Expects mining and processing of 3 million tonnes of ore per year, with a production target of 10,000 tonnes of copper metal per year over 7 years. Anglo Asian Vice-President Stephen Westhead says: "These results represent an important step in our strategy of transitioning to a mid-tier miner, as Xarxar is expected to contribute a considerable amount of annual copper production to our portfolio. The initial study and exploration have delivered significant upside potential."

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Bradda Head Lithium Ltd - North America-focused lithium development company - Mobilises sonic drill rig to its basin project in Arizona to start the 2023 drilling programme. Aims to increase coverage over as much of the project's 17 square kilometres area as possible. Company anticipates a resource upgrade in the third quarter of 2023, Chief Executive Officer Charles FitzRoy says. He adds: "BHL is excellently placed to take full advantage of the near-term resource growth potential at our sedimentary lithium assets in Arizona. The area we are permitting at Basin West is over 11 square kilometres, which is considerably larger than Basin East, Basin East Extension, and Basin North combined, around 6 square kilometres."

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Egdon Resources PLC - UK-focused oil and gas exploration and production company -, Europa Oil & Gas Holdings PLC - UK and Ireland focused oil and gas exploration, development and production company -, Union Jack Oil PLC - Bath, England-based oil and gas company - Note update at Wressle oil field at the North Sea in the UK, with total production exceeding 390,000 barrels of oil. UK Environment Agency identifies no issues at site. "The Wressle-1 well has continued to flow oil and associated gas at production rates above forecast expectations made ahead of the successful Proppant Squeeze operation, conducted in August 2021," the companies say.

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Highbridge Tactical Credit Fund Ltd - credit investment fund - Announces it will delay its liquidation, and stay listed until October. Sets compulsory redemption of majority of shares, with redemption to be made at net asset value level of GBP2.6368. Notes that around 95% of each shareholders' shares will be redeemed. Further, will pay 2.24 pence per share with respect to 2019 Exit creditors, but no payment with respect to 2016 Exit creditors. It adds that the December 2022 NAV of GBP2.6368 will be last NAV from company. It says that any distributions from AllBlue will be passed to shareholders, while it is considering a new share class for new investment strategy. The new share class would be completely separate.

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Mkango Resources Ltd - Vancouver-based mineral exploration and development company - Notes completion of GBP1.5 million investment by by CoTec Holdings Corp into its subsidiary, Maginito Ltd. CoTec is a busines focused on greening and improving the efficiency of the commodity extraction business. Further, Chief Operating Officer of Cotec, John Singleton, has been appointed to the board of Maginito. Further, "Mkango and CoTec will collaborate in the development of rare earth technology opportunities in the United States with ongoing scoping studies evaluating recycling, chemical processing, alloys and magnet manufacturing," Mkango says.

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Phoenix Copper Ltd - base and precious metals explorer in US state of Idaho - Finds 214.5 grammes of silver per tonne at Empire open pit copper project in Custer County, Idaho. Further, finds 505 parts per million of molybdenum and 421 ppm of tungsten. Chief Executive Officer Ryan McDermott says: "Most importantly, the intercepts in the drilling program thus far are consistent with the team's expectations and meet the material type-grade-interval length necessary for the metallurgical test work currently being undertaken. "We look forward to reporting the results of the metallurgical testing as they become available. We also look forward to reporting the assay results for the Redstar/North Pit reverse-circulation drilling completed in 2022. We expect those results to become available in the near future."

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Pineapple Power Corp - special purpose acquisition company - Secures GBP350,000 of new financing via placing 11.0 million shares at 3 pence each via director Claudio Morandi. The company is currently unable to issue and admit new shares without either the publication of an Financial Conduct Authority approved prospectus, or relying on an exemption to the requirement to issue a prospectus.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 Sep 2019 08:33

Europa Oil & Gas awarded new offshore Morocco exploration permit

(Sharecast News) - UK and Ireland-focussed oil and gas exploration, development and production company Europa Oil & Gas Holdings has been awarded a new Exploration Permit - the Inezgane Offshore Permit - covering an area of 11,228 square kilometres in the Agadir Basin, offshore Morocco, it announced on Wednesday.

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12 Aug 2019 09:52

Europa Oil & Gas Extends Frontier Exploration Licence Until July 2020

(Alliance News) - Europa Oil & Gas Holdings PLC on Monday said the Irish government has approved its application for a 12-month extension to the first phase of Frontier exploration licence to

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5 Jul 2019 13:55

Europa Oil & Gas Share Rise Amid Withdrawal Of Irish Climate Bill

(Alliance News) - Europa Oil & Gas Holdings PLC on Friday noted a statement from the Irish Offshore Operators' Association on the government's decision to abandon the Climate Emergency

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1 Jul 2019 15:46

Europa Oil & Gas Seeks Permit In Morocco, Progresses On Farm-In Talks

(Alliance News) - Europa Oil & Gas Holdings PLC on Monday said it is progressing its new venture opportunity in Morocco and also on activities across its existing portfolio.The company

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3 Jun 2019 10:50

UK Oil & Gas Doubles Stake In PEDL143 Licence Via GBP412,500 Deals

LONDON (Alliance News) - UK Oil & Gas PLC on Monday almost doubled its stake in the "highly prospective" PEDL143 exploration licence, after completing acquisitions of the interests a

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16 Apr 2019 12:48

UK Oil & Gas Builds Majority Interest In PEDL143 Oil Licence (ALLISS)

LONDON (Alliance News) - UK Oil & Gas PLC said Tuesday it had built a majority interest in the PEDL143 Holmwood oil field licence by adding to its stake in the onshore Surrey site.UK a

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16 Apr 2019 08:38

Europa sells PEDL 143 interest to UK Oil & Gas

(Sharecast News) - UK and Ireland-focussed exploration, development and production company Europa Oil & Gas has conditionally agreed to sell its 20% interest in UK onshore licence PEDL 143 to UK Oil & Gas for a total consideration of £0.3m, it announced on Tuesday.

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12 Apr 2019 15:10

Europa sees improved revenues during 'very active' first half

(Sharecast News) - UK and Ireland-focussed oil and gas exploration, development and production company Europa Oil & Gas Holdings reported a slight improvement in revenue in its interim results on Friday, to £0.9m from £0.8m a year earlier.

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12 Apr 2019 10:52

Europa Oil & Gas Focused On South Porcupine As Interim Loss Narrows

LONDON (Alliance News) - Europa Oil & Gas Holdings PLC on Friday said its loss narrowed in the first half of its current financial year on higher revenue and lower costs.The AIM-listed

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14 Mar 2019 12:45

Europa Oil & Gas Transfers Holmwood Operatorship To UK Oil & Gas

LONDON (Alliance News) - Union Jack Oil PLC, Egdon Resources PLC and Angus Energy PLC on Thursday noted the announcement by Europa Oil & Gas Holdings PLC, which intends to transfer its in the

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25 Jan 2019 12:16

Union Jack And Egdon Pleased As Wressle Planning Permission Extended

LONDON (Alliance News) - Union Jack Oil PLC and Egdon Resources PLC on Friday said an extension of existing planning consent for the Wressle oil field in North Lincolnshire has been approved on in

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10 Dec 2018 16:36

BGF Investment Management Now Owns 15% Stake In Europa Oil & Gas (ALLISS)

LONDON (Alliance News) - Europa Oil & Gas (Holdings) PLC said Monday that BGF Investment Management Ltd now owns a 15% stake in the firm.BGF's holding in the company, prior to deal,

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4 Dec 2018 14:55

Europa Oil & Gas Upgrades Irish Inishkea Prospect To Flagship Status

LONDON (Alliance News) - Europa Oil & Gas (Holdings) PLC on Tuesday said it has upgraded its Inishkea prospect in offshore Ireland to flagship status and intends to drill a well there in the a

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20 Nov 2018 14:20

Europa Oil raises £4m, plans to wrangle another £1m

(Sharecast News) - Europa Oil & Gas has conditionally raised total gross proceeds of about £4m, it announced on Tuesday, by the placing of 133,333,338 new ordinary shares at an issue price of 3p each.

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20 Nov 2018 11:43

Europa Oil & Gas To Raise GBP1.0 Million In Open Offer Of Shares (ALLISS)

LONDON (Alliance News) - Europa Oil & Gas (Holdings) PLC on Tuesday said it is looking to raise GBP1.0 million in an open offer of shares, following a successful placing.The oil & 3

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